Oppenheimer Boosts Main Street Capital (NYSE:MAIN) Price Target to $44.00

Main Street Capital (NYSE:MAIN) had its target price boosted by stock analysts at Oppenheimer from $43.00 to $44.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Oppenheimer’s price target points to a potential downside of 9.11% from the stock’s current price.

MAIN has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Truist Financial raised their price target on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, May 13th. Finally, B. Riley boosted their price objective on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.40.

Main Street Capital Price Performance

MAIN stock opened at $48.41 on Tuesday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 8.83 and a beta of 1.29. The stock’s fifty day simple moving average is $50.17 and its 200-day simple moving average is $48.14. Main Street Capital has a 52-week low of $37.70 and a 52-week high of $52.39. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same quarter in the previous year, the business earned $1.06 EPS. Equities research analysts expect that Main Street Capital will post 4.08 EPS for the current year.

Institutional Investors Weigh In On Main Street Capital

A number of large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Main Street Capital in the fourth quarter valued at $486,000. Cerity Partners LLC bought a new position in Main Street Capital in the 4th quarter valued at about $1,575,000. Perigon Wealth Management LLC acquired a new position in Main Street Capital during the 4th quarter valued at about $336,000. Koshinski Asset Management Inc. bought a new stake in shares of Main Street Capital during the 4th quarter worth about $336,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Main Street Capital by 15.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 12,617 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 1,653 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.